Latest news with #JassimAlEssa
Gulf Insider
04-05-2025
- Business
- Gulf Insider
Bahrain: Firm Ordered to Return BD8,450 in Loan Dispute
A Bahraini firm has been told to repay BD8,450 after the High Civil Court found it had accepted money for an investment deal that strayed beyond the business it was licensed to carry out. The case was brought by a claimant who had transferred the sum in October 2023. He was represented in court by lawyer Jassim Al Essa. The money was handed over through BenefitPay, under a resale agreement in which the firm was to use the amount to buy goods and then sell them back at a higher price. Difference Profit was expected to come from the difference. Monthly returns were supposed to start the following month. The court, sitting on 30 April 2025, ruled that this was in fact a loan dressed up as an investment. While the agreement had promised returns amounting to BD5,492.500, the court refused to enforce that part of the claim. Interest on civil loans is banned under Article 228 of the Civil Code. Scope The firm in question was found to be operating outside its permitted scope. Its commercial registration only allowed it to trade in antiques, handicrafts, coins, stamps and equestrian goods. Nothing on record showed that it was allowed to run investment schemes of any kind.
Daily Tribune
04-05-2025
- Business
- Daily Tribune
Firm ordered to return BD8,450 in loan dispute
A Bahraini firm has been told to repay BD8,450 after the High Civil Court found it had accepted money for an investment deal that strayed beyond the business it was licensed to carry out. The case was brought by a claimant who had transferred the sum in October 2023. He was represented in court by lawyer Jassim Al Essa. The money was handed over through BenefitPay, under a resale agreement in which the firm was to use the amount to buy goods and then sell them back at a higher price. Difference Profit was expected to come from the difference. Monthly returns were supposed to start the following month. The court, sitting on 30 April 2025, ruled that this was in fact a loan dressed up as an investment. While the agreement had promised returns amounting to BD5,492.500, the court refused to enforce that part of the claim. Interest on civil loans is banned under Article 228 of the Civil Code. Scope The firm in question was found to be operating outside its permitted scope. Its commercial registration only allowed it to trade in antiques, handicrafts, coins, stamps and equestrian goods. Nothing on record showed that it was allowed to run investment schemes of any kind.
Daily Tribune
11-04-2025
- Daily Tribune
Father granted visitation despite conviction
A father convicted of insulting and defaming his own children has been granted weekly overnight access, following a ruling by a Sharia Court. The judgment permits him to see his four children from Thursday evening until Saturday evening each week. He will also be allowed visits on the first day of Eid Al Fitr and Eid Al Adha, during the school spring break for seven days, the summer holiday for a fortnight, and on certain religious and national dates. Periods Overnight stays are included in most of these periods. Handover will take place either at the mother's home or the nearest social centre, depending on the day. The mother objected. She told the court the children were reluctant to visit their father's home, where he lives with his wife, sister, nephew and the nephew's wife. She referred to his 2022 criminal conviction for verbal abuse and defamation, and said he rarely saw the children. Complaint A complaint had also been filed against her, she said, for bringing the children to him. The father, through his lawyer Jassim Al Essa, submitted a copy of the divorce certificate and the children's identity cards. The court noted that he was the legal guardian and, by law, entitled to contact unless there were sound reasons to prevent it. It found none.
Gulf Insider
15-02-2025
- Gulf Insider
Bahrain: Widow Wins Legal Battle for Full Pension Payout
In a recent court ruling, a widow has secured a BD9,900 pension payout after a legal dispute with her late husband's sister, who had claimed a share of the funds. The Military Pension Fund had initially withheld part of the sum, but the court found no grounds for the delay and ordered the full amount to be released to the widow. The court dismissed the sister's claim that she was financially dependent on her brother, who passed away in September 2022, due to insufficient evidence. The sister, who had been divorced since 2006 and was unemployed, argued that her brother had supported her living expenses, even after her marriage ended, which she believed entitled her to part of his pension. However, the court rejected her claim, ordering her to pay BD50 in legal costs. The widow, represented by lawyer Jassim Al Essa, had approached the court in April 2024, asserting that under Bahrain's Military Pensions Law, she was the rightful beneficiary. The court also ruled that the Ministry of Social Development's reports were inadequate to justify the freeze on the funds. The court further ordered the Ministry of Social Development to reimburse the widow BD216.500 for court expenses, with BD80 to be sent to the court treasury.
Daily Tribune
15-02-2025
- Daily Tribune
Widow Wins Legal Battle for Full Pension Payout
In a recent court ruling, a widow has secured a BD9,900 pension payout after a legal dispute with her late husband's sister, who had claimed a share of the funds. The Military Pension Fund had initially withheld part of the sum, but the court found no grounds for the delay and ordered the full amount to be released to the widow. The court dismissed the sister's claim that she was financially dependent on her brother, who passed away in September 2022, due to insufficient evidence. The sister, who had been divorced since 2006 and was unemployed, argued that her brother had supported her living expenses, even after her marriage ended, which she believed entitled her to part of his pension. However, the court rejected her claim, ordering her to pay BD50 in legal costs. The widow, represented by lawyer Jassim Al Essa, had approached the court in April 2024, asserting that under Bahrain's Military Pensions Law, she was the rightful beneficiary. The court also ruled that the Ministry of Social Development's reports were inadequate to justify the freeze on the funds. The court further ordered the Ministry of Social Development to reimburse the widow BD216.500 for court expenses, with BD80 to be sent to the court treasury.
